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AUDUSD Technical Analysis

On the daily chart below for AUDUSD, we can see that the price recently sold off again from the top of the range and the 38.2% Fibonacci retracement level. We’ve been stuck in this range since the collapse of the Silicon Valley Bank as the market is still uncertain if the events will help the Fed to bring inflation down fast to target without a major hit to the economy, or if we will have a worse hard landing than expected. The sellers, nevertheless, keep leaning on the resistance and they’ve be... Read More

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Audusd

Technical

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Forex

Posted: May 16 2023, 11:22

Author Name: forexlive

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